Employment subcenters and subsequent real estate development in suburban Chicago

Article Abstract:

Suburban metropolitan development in Chicago, IL, from 1990-96 is analyzed, spearating industrial, commercial, and residential sectors. While industrial and commercial building was attracted to downtown, O'Hare Airport, and employment centers, residential development followed no predicted patterns.

Economics, Research and Development in the Social Sciences and Humanities, Illinois, Airports, flying fields, & services, Airports, Airport Operations, Economic aspects, Real estate development, Urban economics

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Could zoning have increased land values in Chicago?

Article Abstract:

Whether or not zoning increases land values is tested using 1920s Chicago data before and after the adoption of zoning ordinances. A model that derives land-value maximization conditions is developed, including those under which zoning increases values. One of these is that increases in the proportion of residential use of blocks cause residential land values to rise as well. The estimated land-value functions indicate that zoning did not result in higher land values in 1920 Chicago, nor did it improve market allocation. Although zoning may theoretically result in the amelioration of small-scale externalities, it may also create new ones, so that despite the claims of the Chicago Zoning Commission, the zoning decisions made were sub-optimal.

Land use, Zoning

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Suburban subcenters and employment density in metropolitan Chicago

Article Abstract:

Twenty employment subcenters grouped into six categories were located and their impact on labor force density are ascertained from a data set that includes all quarter sections in suburban Chicago. The reasons behind the creation of employment centers are evaluated and an econometric test is constructed and used to differentiate two distinct agglomeration economies. A bid-rent theory-based model of employment density is also constructed that includes a selection process that gauges whether a small section in the urban area does or does not contain any labor force. Empirical data confirmed the existence of two types of agglomeration economies, the first type based on access to transportation systems infrastructure and the second, based on internal causes unique to a cluster of business enterprises.

Employment, Suburbs, Metropolitan areas

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